And Cerberus actually bought part of Leumi Bank Israel after spying on SWIFT Belgium center for international financial transactions by CIA and W Bush's Secretary of Treasury John Snow.Then John Snow immediately resigns as Treaury Secretary to become an exec along with ex VP Dan Quayle of
Israeli American Feinman's Cerberus......that later bought

Nov 27, 2006 - And now they own Bawag Bank of Austria known for aiding criminals to ... that Treasury Department and CIA spying on financial transactions through SWIFT? Why did he not know what we know about Bawag and Refco and ...

The reason for this laissez-faire attitude is that the larger banks in Austria own ... Capital Management L.P. Cerberus paid €3.2 billion euro for Bawag, part of which ... and appointed John W. Snow, the 73rd Secretary of the Treasury of the U.S., ..

Many large-cap U.S. corporations – such as McDonald’s, who recently moved their headquarters to Switzerland – have headquarters or subsidiaries based in tax havens. Moreover, it is possible for U.S. hedge fund to own an offshore bank. For example, the highly secretive hedge fund Cerberus, as well being a majority shareholder in Chrysler and GMAC, also purchased BAWAG, an Austrian bank that faced liquidation when it was discovered that the CEO had engaged in dubious offhsore financial transactions, created with foundations and hidden Treuhand, to hide beneficiary identity. If questioned today, would BAWAG executives reveal financial information about stakeholders of Cerberus? No, there would be little need. The financial and legal advantages associated with Treuhand accounts are too hard to resist.

As result of the crackdown against tax havens, many clients wishing to maintain secretive bank accounts will resort to custodial Treuhand accounts and their lawyer-trustees to hide money in shell companies or foundations.

In light of this, shouldn’t those news headlines be punctuated with a question mark?

Shelley Stark is the author of Hidden Treuhand: How Corporations and Individuals Hide Assets and Money, published by Universal Publishers, Boca Raton, FL. Also available through Amazon, Barnes and Noble Bookstores, and the British Bookshop. ..............................

While the Kellogg Brown and Root boys cry in Israel over the possibilty of losing another fine money laundering source, Leumi Bank,they wish to avoid reimbursing Holocaust victims with money in that bank just as they wish the Guatemalan victims of Refco and thus their Bawag of Austria would dry up and blow away like the wounded American soldiers at Walter Reed whose blood they also suck upon.

''The full story behind the scandal involves a misguided program to “reinvent government” through outsourcing, a company that botched the delivery of ice to victims of Hurricane Katrina and a giant hedge fund led by a former member of President Bush’s cabinet. The private sector has indirectly had a hand in converting the once legendary Walter Reed into a symbol of the shameful treatment of people who have been maimed in the service of their country.......'' - Philip Mattera

Strange that while Halliburton is relocating to Dubai, another branch of their military and war fraud operations,(Kellogg,Brown and Root boys running Cerberus' IAP Worldwide and Cerberus hedge fund and banking operations),are maneuvering in from the west,with Refco's money laundering Bawag Bank of Austria,into Israeli banking,with anonymous Jewish connections and their spoils from the looting in the war in Iraq.

While the Kellogg Brown and Root boys cry in Israel over the possibilty of losing another fine money laundering source, Leumi Bank,they wish to avoid reimbursing Holocaust victims with money in that bank just as they wish the Guatemalan victims of Refco and thus their Bawag of Austria would dry up and blow away like the wounded American soldiers at Walter Reed whose blood they also suck upon.

While the Kellogg Brown and Root boys cry in Israel over the possibilty of losing another fine money laundering source, Leumi Bank,they wish to avoid reimbursing Holocaust victims with money in that bank just as they wish the Guatemalan victims of Refco and thus their Bawag of Austria would dry up and blow away like the wounded American soldiers at Walter Reed whose blood they also suck upon.

Yep the international military-industrial hedge fund of ex treasury secretary john snow,dan quayle and the corrupt silent stephen feinberg want leumi bank of israel pretty bad.I guess it would be a gem in their collection of money laundering sites around the world.Bawag of Austria of course,being the crown jewel in their international criminal money laundering activities,that includes apparently trading with w bush's enemy fidel castro and cuba.Nope Michael Moore can't go to Cuba nor you or me,we might learn something.However if you are the ex U.S. Treasury Secretary you can corner the market on money laundering banks and offshore shells around the world after spying through SWIFT of Brussels,Belgium on the competition,(terrorists).You can blow Cuban cigars in W Bush's face,fred thompson,he's too drunk to notice anyways.

Perhaps Republican U.S. Presidential pretender Fred Thompson should stick his Cuban or Cuban look alike cigars where the sun don't shine after taking a few strong puffs if he thinks his colleagues at Kellogg, Brown and Root and Dan Quayle and John Snow and Stephen Feinberg and other hidden individuals(just like Enron),should wheel and deal with Bawag Bank of Austria in Cuba for their own personal and substantial financial gain.

Perhaps Fred Thompson is ignorant of the corruption that has been occuring and money laundering by an elite permitted by the U.S. Treasury Department itself !

Former U.S. Sen. Fred Thompson (R-TN) has responded in an online video to filmmaker Michael Moore's challenge to a health care debate. Moore issued the challenge in a letter to Thompson following Thompson's criticism of Moore for visiting Cuba in order to seek treatment for ailing 9/11 workers......

In his videotaped response, Thompson, cigar in mouth, declined the offer to debate, saying, "I've been looking at my schedule, Michael, and I don't think I have time for you."

Thompson went on to to lecture Moore about another filmmaker, Nicolás Guillén Landrián, who was tortured by Fidel Castro.

"He did something Castro didn't like and they put him in a mental institution for several years, giving him devastating electroshock treatments. A mental institution, Michael, it might be something you ought to think about," said Thompson.
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In fact John Snow,in joining a secretive government subsidized hedge fund,(is that legal ? ), such as Cerberus,(immediately after spying on international banking transactions along with the CIA),- is NOT CATCHING TERRORISTS - IT IS FRAUD ! War fraud and stock fraud and banking fraud as all the criminals W Bush places in power know !

Perhaps the present U.S. Treasury Secretary Henry Paulson should do his patriotic duty and resign before yet more damage is done.As former Goldman Sachs chairman and CEO,U.S. Treasury Secretary Henry Paulson just like ex Treasury Sec. John Snow,has too many economic conflicts of interest to have ever been trusted to that position.

................................................................
In truth Cerberus' banks,Bawag and Leumi, both owe debts that all potential purchasers of those banks wish to avoid paying.
Leumi Bank of Israel owes money to Holocaust victims that they have conveniently lost track of....Cerberus in my opinion owes Guatemala investors in Bancafe at least $200 million that the war criminals of Cerberus and IAP Worldwide wish to sweep under the rug,with the help of Price Waterhouse Coopers who are doing nothing but covering up for them and deceiving Guatemalan investors in Bancafe International Bank or BIB by not educating them about the Bawag Bank of Austria and Refco penny stock connections that is how the Guatemalans were defrauded in the first place.

The state-owned Company for Locating and Retrieving Assets of People Who Were Killed in the Holocaust is attempting to halt the privatization of Bank Leumi until an agreement is reached over the transfer of accounts of Holocaust victims. This weekend, company chairman Avraham Roet appealed to Minister Rafi Eitan, who was recently appointed by Prime Minister Ehud Olmert to advance the privatization of the state-owned bank, to stop the process until the "rights of the victims' heirs and of the survivors can be guaranteed." Bank officials said the bank is willing to reach an agreement on the issue and that it is Roet himself who is preventing one from being reached...........

The December 2004 Report of the Parliamentary Committee of Inquiry on the Location and Restitution of Assets of Holocaust Victims in Israel, chaired by Collette Avital, concluded that Bank Leumi owes between NIS 35 million and NIS 307 million, depending on how the assets' real value is calculated,
...

"Unfortunately, the bank has shown no consideration for the moral side of the issue," Roet said.

Associates of Eitan yesterday said they failed to understand Roet's opposition to the bank's offer.

While the offer itself may be generous, the bank's condition for its acceptance - that the payment to survivor organizations end all claims by the heirs of account-holders - is hard to swallow in light of the calculations according to which Leumi owes more than NIS 300 million to their heirs over these accounts.
..........................................................

While the Kellogg Brown and Root boys cry in Israel over the possibilty of losing another fine money laundering source, Leumi Bank,they wish to avoid reimbursing Holocaust victims with money in that bank just as they wish the Guatemalan victims of Refco and thus their Bawag of Austria would dry up and blow away like the wounded American soldiers at Walter Reed whose blood they also suck upon.

Oh,the Halliburton Kellogg,Brown and Root boys are also part of Dan Quayle's,John Snow's,Stephen Feinberg,et.al.'s Cerberus the same IAP Worldwide who couldn't find New Orleans to deliver ice during Hurricane Katrina.But not to worry,W Bush and Slick Dick Cheney saw to it they were richly rewarded nonetheless.Just ask your Congressman how well they have cared for Walter Reed patients.

They probably have already laundered the money through their many banks around the world,including Cuba now ! Worse than Enron,they are what Enron hoped to become !:

Cerberus-Gabriel group exec blasts local interests in Leumi deal
17.5.07 | 10:50 By Ram Dagan
A week before the option on buying Bank Leumi expires, and mere hours before the decisive meeting with the minister who has the power to extend that option - Mark Neporent, chief operating officer of Cerberus Capital Management, is taking the offensive.

In an exclusive interview with TheMarker he points an accusing finger at local businessmen who borrow from the bank. "It's clear that certain businessmen are uncomfortable with us controlling Bank Leumi," he states emphatically. "No one is controlling the bank today, and this serves their interests, so they want to make the tender fail."

This morning Neporent meets with Minister Rafi Eitan, whose portfolio may be geriatric affairs but whom Prime Minister Ehud Olmert tapped to handle Bank Leumi's privatization. His is the decision over extending the option.

Without Eitan's approval, Cerberus-Gabriel, which won the tender to buy a 20% controlling interest in the bank in 2005, won't be able to seal the deal.

Cerberus-Gabriel received permissino to buy 9.99% outright; the other 10.01% remains contingent on various regulatory approvals. There the problem lies - it can't get the approvals it needs in time.

During the interview, held in a close, suffocating room crammed with local consultants, Neporent almost loses his Anglo-Saxon politeness while trying to explain, a week before Leumi slips through his fingers, the frustration he feels in response to the difficulty in gaining the approval needed to take control.

"This is not the first time we are acquiring a bank. We have financial holdings in 40 countries. The U.S., Germany, Austria, Japan, Slovakia, Slovenia, Malta, the Czech Republic, and the list goes on. We have a banking license in each of these countries. In none of the countries did we encounter a problem like this obtaining a license."

Why did you abandon the media arena?

"If you search for information about us on the internet, you'll find very little. We prefer to remain confidential. It's the way we do business. The way we were portrayed in the media is very disappointing. There were leaks the whole time, which came from regulators who don't want to see us taking control of the bank."

Who exactly do you mean?

"There was one regulator who was very vocal on the matter of Leumi, and he made it clear he is interested in seeing the bank sold through the stock market."

You mean Accountant General Yaron Zelekha?

"I don't understand why those above him allow him to continue expressing his objection to the tender. Well, the government decided this is how it wants to sell control of the bank. If I had a worker speaking out against my decisions, he would have been out of there a while ago."

So you are essentially fighting the regulators?

"We are not fighting regulators, and of course not through the media."

Israel has already successfully privatized banks. Could it be that there are businessmen working against you?

"It's clear some local business people do not want us to enter the bank, and they're comfortable with it not being controlled by anybody. The bank's current situation serves their interests."

Who do you mean?

"I don't want to single out anybody, and from my angle these people are not related to the matter. We have a deal with the government of Israel, and not with them. I expect them to honor our contractual rights."

Friday, March 02, 2007
Walter Reed Got "Swindled"
IAP is a private company that last year was awarded a contract to manage parts of Walter Reed last year - after some . . . events discussed here. IAP Worldwide is apparently also a PAC.

Not exactly a company you see much about, so here's a start on getting to know these folks.

Oh, and by the way, this really does have KBR finger prints on it.

On the PAC filing.

The filing was made by James Jennings, Chief Administrative Officer & Chief Financial Officer:

James Jennings is a highly accomplished finance expert in the maintenance, engineering, and construction industry. Jennings was with Fluor Corporation for 30 years, and most recently was CFO of Williams Group International. He has also held senior level leadership positions in the development, implementation, and monitoring of accounting policies and procedures in addition to working directly in project accounting in the United States and internationally.

IAP finances:
Here is what google finance has to say. Among other things, IAP is owned primarily by a firm named Cereberus, link to it on the google site, and it is providing ice to Katrina victims among other tasks around the world.

If you are interested in learning about employment opportunities at Walter Reed Army Medical Center, please call 202-356-1012 ext. 40597............

As of 2003, it was Al Neffgen who was responding - or delaying responding to government demands for information related to KBR accounting problems. In this case, "refusing to turn over internal documents that show the company was aware of accounting problems related to an Iraqi fuel contract that allegedly has overcharged U.S. taxpayers so far nearly $100 million". At that time, Al Neffgen was KBR's chief operations officer.link

Swindle too is a KBR man. You can find details for both men and their relationships to the two companies here and at greater length and detail here.

And as that last story says, guess who else is involved? John Snow.

A small defense contractor now controlled by a former Bush adminstration cabinet secretary is taking on Halliburton Co. by bidding for one of three U.S. Army contracts worth up to $50 billion (€39 billion) each to provide food and shelter to U.S. troops in Iraq and Afghanistan.

Within days of former U.S. Treasury Secretary John Snow becoming chairman of the New York hedge fund that owns IAP Worldwide Services Inc., the company submitted its bid for huge U.S. Army contracts that will be awarded by year-end.

In fact, that story is chock full of interesting company geneology and doings......................

"The closing provides both a solid and sound basis for BAWAG," said BAWAG Chief Executive Ewald Nowotny in a statement. "The Cerberus-led consortium provides new possibilities and growth perspectives for the bank."

BAWAG's new owners -- which also include postal service Austrian Post .........

The deal ends the OeGB's decades-long engagement in retail businesses that once formed an integral part of Austrian working class life but whose mismanagement eventually cost the movement billions of euros and a steep credibility loss.

The OeGB put BAWAG up for sale last year after a probe into collapsed U.S. futures trader Refco Inc (RFXCQ.PK: Quote, Profile, Research, a BAWAG affiliate, unveiled losses BAWAG had hidden for years using offshore vehicles and an unpublished guarantee by the OeGB.

Top OeGB and BAWAG officials resigned. A later investigation by Austria's central bank said BAWAG had lost as much as 1.8 billion euros in failed bets against the yen and in derivatives dealings that went awry in the late 1990s.

A lawsuit by Refco creditors last April triggered a run on BAWAG which was only stopped when the government orchestrated a bailout. Clients withdrew 3.6 billion euros in savings over the course of last year, 20 percent of all savings deposits.

The Refco creditors later settled with BAWAG for a payment of $683 million, which was topped up by another $200 million because OeGB sold the bank at a higher price than expected.

Court proceedings against BAWAG's then chief executive, Helmut Elsner, fund manager Wolfgang Floettl and other bankers involved in the losses and their cover-up will start in July. The defendants say they have done nothing illegal.

Philip Mattera heads the Corporate Research Project, an affiliate of Good Jobs First.

Reports of substandard conditions at the Walter Reed Army Medical Center have outraged the country. But that anger should not be directed only at the callous Army officials running the facility.

The full story behind the scandal involves a misguided program to “reinvent government” through outsourcing, a company that botched the delivery of ice to victims of Hurricane Katrina and a giant hedge fund led by a former member of President Bush’s cabinet. The private sector has indirectly had a hand in converting the once legendary Walter Reed into a symbol of the shameful treatment of people who have been maimed in the service of their country.......

Rep. Henry Waxman, chairman of the House Committee on Oversight and Government Reform, has been gathering evidence that the prospect of outsourcing (and likely job cuts) had a detrimental effect on morale and efficiency at Walter Reed.....

The company is an odd choice to help manage one of the nation’s premier military medical facilities. It was founded in 1989 by a South Carolina entrepreneur who enlisted the help of a logistics expert who had recently left the Army..........

Management of the company is now in the hands of Al Neffgen and David Swindle, two former executives with Halliburton subsidiary Kellogg, Brown & Root—one of the giants of military outsourcing and the subject of numerous allegations about overcharging the federal government. Today, IAP’s board of directors includes former Vice President Dan Quayle, a former commandant of the Marines and a former vice chief of staff of the Air Force. Such connections have undoubtedly helped the company rise up the ranks of federal contractors. Its volume of business with Uncle Sam has grown from about $222 million in 2000 to some $1.2 billion in 2005.......

IAP’s growth has also been aided by the fact that it is controlled by the giant hedge fund Cerberus Capital Management, which has taken over dozens of companies and is now more of a conglomerate than an investment fund. Cerberus, like IAP, is no stranger to the revolving door. It is surely no coincidence that the hedge fund chose former Bush Treasury Secretary John Snow as its chairman a few months ago while IAP was intensifying its effort to take over a multi-billion-dollar military logistics contract now held by Halliburton.

The entire situation is a remarkable illustration of how the federal government has become a vehicle for the promotion of private interests. The zeal with which large contracts are awarded to a small universe of companies, with little attention paid to performance, suggests that outsourcing is less an effort to improve efficiency and more a matter of enriching those with the right connections...........

Apr 10, 2007 - By: Bawag Bank Austria and Securities Fraud ... by ex Treasury Secretary John Snow and the U.S. CIA in Belgium is a lot like putting a fox .... Who in the EU allowed Cerberus to spy upon EU citizens through SWIFT and to buy ...

Apr 9, 2007 - Likewise the coverup of Bawag Bank of Austria's ties to collapsed Refco ... ago) ,while John Snow's U.S. Treasury and CIA looked on from SWIFT in ...Cerberus founded by Jewish American Stephen Feingerg started with $10 ...

Jun 21, 2013 - No coincidence they bought bought Bawag Bank immediately after their infiltration of SWIFT of Belgium and for that reason Jewish Israeli Austrian billionaire Martin Schlaff ... The Guardian said Snowden had provided it with access to documents about .... NSA,Terrorist Senator Coats:Did Cerberus Profit fr.